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$2,995,000
Est. payment /mo
0.56 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25548245
Lot Size 0.563 Acres
Acres 0.5633
Property Description
We are proud to exclusively represent a premier development opportunity at 7131 Baird Avenue, centrally located in Reseda. This 24,529 SF vacant lot, zoned [Q]R2-2D-CDO and designated under the Community Commercial General Plan, presents an exceptional opportunity for a small lot subdivision or condominium project featuring potential Accessory Dwelling Units (ADUs). The site is eligible for state housing incentives under SB 684 and SB 1123. SB 684 facilitates ministerial lot splits allowing up to 10 housing units per lot, streamlining the entitlement process, and exempting projects from CEQA review and discretionary approvals. Similarly, SB 1123 supports streamlined processes for condominium projects, encouraging the addition of ADUs by simplifying zoning compliance and reducing procedural timelines. Additionally, 7131 Baird Avenue is situated within a Transit Oriented Communities (TOC) Tier 1 zone, offering incentives such as increased floor area, bonus density, and reduced parking requirements due to its proximity to transit. With favorable zoning, streamlined entitlement processes, and strategic location near transportation and commercial corridors, this property represents an outstanding infill development opportunity in one of Los Angeles' actively supported growth areas.
Location
State CA
County Los Angeles
Area Reseda
Zoning [Q]R2-2D-CDO
Exterior
View Y/N Yes
View City, City Lights
Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills
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